Liberty Shoes
Liberty Shoes stock price had hit a new high when it declared its Q4 and Fy14 performance. For Q4Fy14, the company, on a 35% (YoY) rise in net sales at Rs.142 crore, posted a whopping 340% jump in net profit at Rs.4 crore. It also ended the year on a high note – for FY14, it posted a 34% increase in net sales at Rs.483 crore and net profit surged by a huge 145% at Rs.13 crore. These numbers include the results of the merger of its 1005 subsidiary, Liberty Retail Revolution w.e.f 1st April 2013 and its overseas subsidiary in Middle East, which is yet to commence commercial production. An exceptionally bad FY13, has given this very robust base effect.
The company has a debt of around Rs.100 crore, which resulted in an interest outgo of Rs.16 crore for Fy14. Its equity is at Rs.17.04 crore (Rs.10 face value) and reserves is at Rs.124 crore. EPS for the year stands at Rs.7.75. Promoters stake as at 31st March 2014, stands at 64.92%. Looking ahead, for FY15, the company expects a growth of 20-25%, or even higher on the topline. The company working on aggressive marketing, expects to add more new customers.